josh lipton in san francisco. let's bring in harry curtis with a neutral rating and $82 price target. great to have you with us. you've been skeptical of the stock for a while. at this point are you less o optimistic given the dire predictions steve wynn says he has? >> don't you think the barking dog says it all? it seems to me this was a direct and passionate appeal for more tables. the issue i cited a couple of weeks ago when what is on your show was there is a shrinking vip market. that's where the macau market has generated a significant amount of its cash flow. what steve said on his conference call was that not only is it continuing to shrink, but there is risk that it will continue to shrink. >> at this point, given what steve wynn said on the conference call, why even be at a neutral on wynn? the ceo himself is essentially saying that he has no idea, no idea how many tables he's going to have. he has no idea how to plan the business at this point in macau. why be in the stock at all? why have a neutral? >

let's get to josh lipton in san francisco for the latest. josh? >> reporter: well you look at intel stock and it had popped 30% off the 52 week low. the company did beat on the bottom and the top. you look at chips for pcs, the bulk of the company's business. the street did not expect much there. but retch of $8.5 billion in the division did beat analyst expectations. chips for data centers, remember that is a big source of optimism for intel bulls. the data center has to grow strongly to o set the challenging pc market. data revenue of $4.1 billion and undershot what the analyst were looking for. call getting started right now. i'm going to hop on it. and see about pc demand and the color about the deal for altera. back to you. >> josh thank you so much. for intel it has been a great 12 months compared to the semiconductor industry. but to date it has been beat up. >> when you look at the group, the $4.5 billion number is still off 12% year-over-year. they are looking at where the growth will be and fact that the pcs was better as awful as everyb

back to you. >> thank you, josh lipton. i'll kick it off with you, pete najarian najarian, that is all pretty big. >> that is big. >> but i feel like there is an elephant in the room here and that is the spinoff. >> that is all that really matters right now. when you break down yahoo, we look at it as okay how about the piece of alibaba and how that will be taxed. is it or is it not? they continue to lose the executives. that is big. but when you look at the deal with google that counteracts against that and plays well against that because that could be something that we finally start to see growth. we've talked about core for a long time and the weakness in search. but it is the display ads, advertising dollars and that could be a big step for marissa. >> but the question is they are spending a lot of money. so how much money do they have to spend on this. josh mentioned the revenues x time -- which is -- i'm sorry, acquisition costs for traffic. so that is up a significant amount, primarily because of the deal with mozill

for "nightly business report" i'm josh lipton in san francisco. >>> streaming just got a little morexpensive. netflix upping the cost of its basic monthly service by a dollar. the new price of $9.99 will go into effect in november for new customers. current subscribers won't have to pay more for a year. shares were more than 6% higher. they closed at 114.893. domino's posting results that missed on both the bottom line and -- shares fell about 5 per to 102.64. and costco says its same-store sales were flat last month but that was better than the expected decrease. shares were 2 1/2% higher today it 151.56. >> gap reporting that its same-store sales were down 1% in september, driven by a big decline in its banana republic division. shares slipped in initial after-hours trading. during the regular session the stock was up nearly 2% to 28.95. shares of polycom rose after the hedge fund elliott management disclosed a more than 6% stake in that firm. elliott is urging the video conferencing equipment maker to consider a merger. polycom rose nearly 17%. >> americans are expected to spend t

for "nightly business report" i'm josh lipton in san francisco. >>> and now to microsoft.he tech giant and dow component easily beat wall street expectations today. microsoft earned 67 cents a share in its most recent quarter compared with estimates of just 59 cents. revenue for the quarter came in at $21.7 billion. now, that was down nearly 7% from a year ago. but the target was comparatively modest, about 21 billion. so it was a beat. shares initially popped about 7% after hours. >>> as for amazon, the company posted a surprise profit in its latest earnings report. its second straight quarterly gain. the company citing strong sales in north america and growth in cloud computing. amazon earning 17 cents a share. expectations were for a loss of 13 cents. revenue coming in at last $25.5 billion, also topping estimates. shares initially spiking more than 10% on the news after hours. jon fortt tells us the key takeaway from both amazon and microsoft's report. >> reporter: good day for seattle. amazon and microsoft both out with earnings that beat analysts' expectations on the

for "nightly business report," i'm josh lipton in san francisco. >>> on wall street, the major indexeslosed near their lows of the session, dragged down by concerns over earnings. the dow jones industrial average dropped 48 points to 17,168. nasdaq down 40. s&p 500 dipped 11. and despite the pullback today, stocks have moved higher in october so far. look at those numbers. gains of roughly 5%. seema mody tells us why this month is bucking the historic downtrend for stocks. >> reporter: it was supposed to be a scary october, but so far, this month hasn't been terrifying at all. the s&p 500 is up nearly 6%, and earnings, a mixed bag of tricks so far, haven't weighed down stocks. so, what's behind the rebound? thank the fed and china. >> that uncertainty about the fed has been pushed off until next year, like it or not. i don't, but that's the case. and the other is china and the economic data of china has stabilized. >> reporter: another crucial part of the market's rally is oil, holding above $40 a barrel, helping energy stocks out-perform, and so far, energy is the best performing sect

and as josh lipton explains, it's now the key metric that wall street uses when evaluating this company. >> the pc industry was always intel's bread and butter. but now the company sees that changing. in fact, ceo brian krzanich says he's not expecting that much from that part of his business. he has said his strategy is to try and hold sales in that business as flat as possible. so instead, investors and financial analysts are now more focused on the company's other big business, chips for data centers. >> we're very focused on the data center market because of the profitability that it can drive which is able to offset the declines that we're seeing in pc. so we look at the data center business as being the real engine of profit growth for intel. >> chips in data centers handle the work loads for mobile apps. in other words, when users open a facebook app, it's likely that intel is providing the processing power displaying all those pictures and videos. intel is doubling down on this technology. the company announced a deal to buy ultimate tara for $17 billion which could provide the

. >> josh lipton has more now on ibm's results. >> reporter: $5.1 billion.hat is what ibm reported for its software revenue. a drop of 10% compared with the third quarter of last year. analysts had been looking for 5.2 billion. so a point of weakness where the street was expecting strength. fbr's dan ives says the bigger point here is that ibm continues to have real challenges adapting to this you new era of corporate computing. ibm is putting a lot of time and money to work in building out its portfolio of higher-value products and services shifting billions into clouds, analytics, mobile, social, and security services. but investors remain skeptical it can move quickly and ably enough. the stock is on track for its third straight year of declines. for "nightly business report" i'm josh lipton in san francisco. >>> this is a big week for tech earnings, and it will be closely followed since that sector is the biggest among the s&p 500. we'll hear from yahoo! microsoft, amazon, and google's parent company alphabet. brian blair joins us now to give us a previe

for "nightly business report" i'm josh lipton in san francisco. >>> fellow tech company yahoo!making a major move into the most valuable tv content there is, football, of course. this weekend an nfl game will be streamed for the first time on yahoo! sites and apps. and the nfl is looking to cash in on the new digital revenue. julia boorstin has more on this digital sports experiment. >> reporter: this sunday morning's game between the buffalo bills and the jacksonville jaguars on yahoo! is a milestone. the first time an nfl game has been live-streamed free as its primary distribution. it's just the latest in a slew of nfl digital deals. with snapchat, twitter, and youtube. plus the league is offering more live games on nfl mobile on verizon and more content on its app nfl now. >> we're in the reach business. we're in the aggregation of audiences business. and there's a tremendous amount of audience going on on the internet and connected devices, and we are focused on capturing that. >> reporter: he says he'll measure the success of sunday's game based on whether the stream is t

josh lipton has our report tonight. >> reporter: dell founder and chief executive michael dell will lead the combined company as chairman and chief executive. he says this deal creates an enterprise powerhouse. >> we started back in about 2002, and for about a decade worked together. at one point the relationship was about a $2 billion annual run rate. and this is really all about bringing fogt together complementary technologies and helping the customers address challenges and opportunities that this drijt digital future is creating. >> reporter: analysts say the i.t. hardware market which includes companies selling storage and servers still generates a lot of cash but the stock prices have come under pressure because of the threat from newer technologies like cloud computing. and that means this is a market ripe for consolidation. >> being bigger, being able to protect cash flows, reinvest some of thez cash flows, i think makes a tremendous amount of strategic sense given the stage we're at and frankly given the tipping point we see where some of the disruptions from cloud could start

and as josh lipton reports, some are now wondering if the venture capital market is starting to cool.reporter: it is a great time to be an entrepreneur in america. that's one take from recent data showing the surge of money flowing into start-ups. there has now been seven straight quarters of more than $10 billion deployed to these young companies. in part, venture capitalists say this rush of money can be traced right back to the federal reserve. as central bankers leave interest rates near zero, investors are forced to chase returns and potentially higher-yielding assets like the equity of start-ups. >> with the fed's decision to keep interest rates low and push out the rise in interest rates, what they're doing is encouraging people to push up the risk and people are searching for growth. the cyclical growth area of technology. there's a lot of capital which is pushing up the risk of looking for growth and they're going into technology. >> reporter: the flow of money has boosted the number of so-called unicorns, or start-ups valued above $1 billion. there were 79 unicorns around th

our josh lipton has more on apple's quarterly results. >> reporter: 48 million, that was the big number in apple's latest earnings report. that's the number of iphones that apple shipped in the quarter. and that was up 22% year over year. it was in line with what wall street had forecast. remember, we can talk about apple pay or apple music, but the end of the day, this is an iphone company. it is the iphone that generates the bulk of this company's sales. some investors and certainly some analysts on wall street concerned about whether apple can meaningfully grow iphone units in the quarters ahead. a maturing smartphone market, a slowing china and certainly tough comps. i did have a chance it 0 speak to apple's ceo tim cook. he remains confident and knows that more people than ever are switching over from google's and groid and he notes 70% of the install base is on the iphone 5 base or earlier. that implies a lot of potential upgrade headroom. i'm josh lipton in cupertino, california. >> so let's turn to our guest, david garrity to talk more about what lies ahead for apple and what it

as for the stock, it traded initially lower after the report and as josh lipton reports, ceo marissa mayer may have only two options left. >> her stock is down, her key lieutenants have left. so what are marissa mayer's options at yahoo!? for one, she could try and a turnaround at the business, that is means driving revenue from the company's mobile, video, native and social ads. these are the areas whereas internet ad dollars are moving but these areas also represent only a relatively small part of yahoo!'s overall bills that's notice maier needs to stabilize the company's core online business. that won't be easy because the competition is fierce. predicted yahoo! will capture just 2% of the $170 billion worldwide digital ad market. and meanwhile, google commands 30% of the market while facebook controls 10%. yahoo! spent a lot of its time on the product side and now it's just focusing on add monization. there's a big gap that they have to fill which is why we're cautiously optimistic yahoo! can get there. >> even more critically than the health the of the core business is the uncer

melissa, back to you. >> josh lipton, thank you. and it is interesting, because you don't think as e m-bay as a strong company on this one. >> we've talked about this before. this is not something that is sexy. the guys that they have spunoff paypal, all of the excitement in the name and the parts valuations are behind it. i think you can probably own it here actually. i think they are growing and competing with amazon. >> and tomorrow will be a huge day for earnings. you have google, microsoft, amazon, all reporting after the bell. rbc's mark mahoney has everything you need to know ahead of the amazon report. take a listen. >> this is mark at rbc talking about the up coming earnings for the "fast money" earnings edge. three key things to look for. first the street is looking for $25 billion in revenue and a loss of 14 cents. we think the estimates are reasonable for this quarter, particularly on the bottom line. second, the two peel back the onion numbers are the year-over-year revenue growth for aws and growth for amazon north ame

josh lipton on apple. that stock volatile, big time, after hours. julia boorstin on twitter, which is tanking, they bring you the latest news headlines. and if that wasn't enough. analysis, it is information here on "fast money." we're checking in with dan eyes for reaction on apple and sun trust's bob peck with his take on all things twitter. but we start with the biggest nim in tech -- name in tech, the most earnings report this season. it is of course apple. josh lipton just sitting down with the ceo tim cook moments ago. josh, what is the latest? >> reporter: well, simon, listen, the big question for apple investors is whether that company can grow iphone units next quarter but in to 16. skeptics will point out, listen, there are real challenges, maturing smartphone market, a slowing china and tougher comps and i did speak to ceo tim cook. he is confident they can gain those units. one, they continue to see the highest race of switchers from android. it is a point cooke made over the past few quarters. i was interested whether that had leveled o

josh lipton rejoins us. what can you tell us josh? kelly you see yahoo stock heading lower in the after hours, one reason to be could be the guidance. q4 yahoo for gross revenue of 1.16 to 1.20 billion. the street in terms of gross revenue was looking for 1.33 billion. so a little light in terms of q4 gross revenue guidance. yahoo stock edging into the red here. kelly, back to you. >> thanks josh. it is down about 1.4%. mike, your thoughts? >> the ebitda guidance for q4 160 to 200 and i have the street looking for close to 280. they're really setting the barlow here. you have to wonder what are they doing. are they setting themselves up for as nick pointed out there's going to be a transaction or end game here. in the meantime they're saying we have a lot to clean up here. >> it's a mess. mayer shouldn't have taken the job. >> why not? >> i think because yahoo is not -- the problem they needed solving was one that she wasn't going to go in and solve. >> i would just argue with that a bit. wasn't part of the problem the culture and mor

i'm josh lipton in san francisco. >> we have been talking about food, restaurants. yum brands is gearing up to spin off it's china business after dealing with the world's most pop you lus market. yum china will become a separately publicly traded franchisee of yum brands and craig creed says the move will provide yum with greater stability going forward. jonathan morgan is director of research at the edge consulting group and he is with us. this spin off is a massive market for them. things started going wrong in 2011, really 2012 you had the allegations of the use of antibiotics and growth hormones in their chickens, the flu outbreak and other incidents as well. is this a good deal for them to spin off the unit finally? >> interestingly enough this was one name that came from our predicted list of spin offs. we have a spin off screener because we predict spin offs but also look at the announcementment we looked at the same factors that management would have looked at with regards to its spinning off the lower margin business which is the china business versus the n

back to you. >> thank you, josh lipton. this is day two of gains after wdc got a chinese investment yesterday. >> top line beat bottom line. that's good news right? this is a relief rally, clearly given what we've seen. this guidance, first quarter guidance was lousy. i'm surprised you haven't seen a pullback. feels like people are looking at this as an opportunity to buy a stock. this guidance i've got to look at first quarter guidance. it was not good. they lowered on eps and revenue. i'm surprised it's holding the gains we are seeing. >> news alert out of washington, d.c. let's get to ammon javers. >> the united states will hit the debt ceiling on or about thursday november 5th. at that point jack lew is saying they would have to pay with cash on hand which is below $30 billion at that point. because net expenditures per day for the u.s. government can be as high as $60 billion, he said the real danger there is that it would be impossible for the united states of america to meet all of its obligations on that date for th

josh lipton has all the details for you. >> ebay stock moving higher in the after hours. the online shopping marketplace reporting better than expected results. reporting earnings per share of 43 cents that beat analyst expectations by 3 cents. revenue clocking in basically in line for 2$2.1 billion. this is the first report where investors are getting a clear look at ebay as a stand alone company. the retailer said it had 159 million active users on the site. also in line with what analyst forecast. gross merchandise volume reporting in at 19.6 billion. that was up 6%. from here analysts want to see ebay accelerate growth and also find out how the company plans to keep competing with rivals and not just amazon but smaller players like etsy. i'm josh lipton in san francisco. >> now shares of valeant plunging on a negative report accusing valeant of fraud and channel stuffing. >> well, late morning midday today a short seller comes out with a report essentially alleging fraud at valeant. it has to do with revenue coming through the specialty pharma channel. essentially say

josh lipton, what more can you tell us here?> so we told you gopro reporting missing on the bottom and top another important metric here. that is also a missed bill. should be noted in q2, gopro shipped the same number. we knew there were some real worries, some concern about the performance of gopro's new session. tomorrow we're going to have nick woodman on live and exclusive on "squawk alley" to walk us through this quarter as well as his outlook for the holiday season. so let's check in and stay tuned for that. bill, back to you. >> thanks very much. we're aware as well that other stocks have come out with their earnings. buffalo wild wings getting killed as well. and we'll get to those in just a few minutes. shares of walgreens sharply lower today after the company reported lower than expected quarterly revenue and issued weak guidance. investors are perhaps worried about the plan to buy rival rite aid could face intense regulatory scrutiny. we're joined by meredith adler. you're expressing that very concern, aren't you? >>

josh lipton has been on the call. >> the conference call did just end. being asked about the shift from desktop to mobile presents opportunities for his company as well as challenges. here is how he answered that question. >> mobile gives us very unique opportunities in terms of better understanding years, and over time as we use things like machine learning, i think we can make great strides. my long-term view on this is it is better than desktop. it will take us time to get there. >> no surprise given we heard from microsoft and amazon tonight that he was also asked about his cloud strategy. saying google sees clouds as an exceptional opportunity. new customer adoption is seeing tremendous momentum. google continues onto vest, in his words, a lot in that cloud business. i'll point out cfo ruth importaporat being defensive about the moon shots. other bets remain a broad array of what she called sound business opportunities. the company has a rigorous approach to those moon shots and alphabet will be, in her words, the best magnet for entrepreneurs. >> i

now to josh lipton with what to expect from alphabet. alphabet, alphabet, alphabet. >> can't do it. >> even though it's formerly google. >> it takes some getting used to. so the bulls have been in charge when it comes to the internet yient giant, that stock enjoyed a nice strong run, now up 30% so far this year. today street looking for earnings per share of 7.21 on revenue of 18.5 billion. cost per click, what advertisers pay google when users click on an ad and what about all that cash. google had $70 billion at the end of june. any word on whether it plans on sending some of that back to its owne owners, alphabet a wall street darling, 90% of analysts say to buy t we could have a better sense of whether they are right after the close. guys, back to you. >> okay. josh, thank you. julia boorstin has at&t. what are we looking for? >> with at&t's acquisition of directv closing during the third quarter the telecom giant warned first resultser inflated because they include directv's revenue for the full month of july rather than beginning a

josh lipton, what can you tell us?lly, these headlines just dropping here on advance microdevices. amd saying it's going to cut about 5%, kelly, of global workforce. that appears to be about 500 people. companies saying it's going to record restructuring and asset impairment charges of about $42 million. amd also saying it's going to anticipate savings of about 58 million in fiscal year 2016. the stock not doing much here in the after hours though. down about 35% so far this year. kelly, back to you. >> pretty lower thetory. josh, thank you very much. >>> china has been a major cause of turmoil in our stock market of late. but what else can the chinese do to prop up the economy in the fourth quarter? seema modi is looking at this for us. >> in the china pmi number caught attention of investors today beating expect tagszs but still below 50, ibd indicating contraction. as you point out the chinese central bank has been unveiling a series of measures to kick start growth. five interest rate cuts, three triple reserve cut

josh lipton has the details. >> even before the news today, we've said headline making tech deal thiss year. let's break down the biggest that were announced. back in march, chip maker mxp semiconductor and free scale announcing the $40 billion merger. the deal that will expand their reach in chips for cars. then in may, avago will acquire broad com. this combination is going to provide the most diversified communication platform in the semi industry. and in june, intel agreed to by altera, that was an all crash transaction valued at $17 billion. maybe we'll get more color on that. intel reporting tomorrow. some analysts like pacific crest argue that some of the same kind of mergers in the semiconductor space, they will see that ram up up in the i.t. market. because many of the companies, where they are selling storage and services or networking equipment, strong cash flows and cheaper valuations so that could mean a wave of consolidation is coming. melissa, back to you. >> josh lipton, thank you. >>> so what two companies do you think would be a match made in deal -- heaven. tim. >>

thank you, josh lipton, very much. we have 12 minutes left in the trading session.hin just this second with the hand signal telling us $500 million to buy. >> that's bullish snoot imbalance is to the upside even with the market still up 300 points right now. >> we will continue to watch the market into the close. up next one strategist explaining why she looks building products and home improvement companies best in this environment. next please don't go away. we believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. >>> this is my favorite chart today, this is a two-day chart of the dow going back to friday when we hit a low after that selloff on the open in the morning, the dow hit a low of 16,013 and now we are up, what, 700 -- you do the math, 773, 772 points in these last two sessions. joining us to talk about that, among other things, prudential financial market strategist quincy crosby. astounding. and the s&p is up about 100 points. w

our josh lipton. out on the west coast. 13 minutes to go, the dow is up 210 points, the s&p trading around 2022 at the moment. the s&p up 1.23%. >> the last few days we have had flat close closes we haven't have a bias to the buy or sell side. after wall mark rocked the stock market yesterday you might think this is a time to stay away from retail. we have a guest coming up who says jump in. she will explain why when we come back. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. from and the people whought you underwhelbrought youet speeds. temperamental satellite television. introducing... underwhelming internet speeds and temperamental television... in one. w

back to you. >> josh lipton thank you. >>> i want to trade this. so i'm going to ask you, with the conference call over show of hands who thinks ibm is dead money? >> oh, come on. >> it is a great game. >> no why is it dead money? >> a very dramatic show of the lazy hand getting up there. intentionally to say at this point there is so much bad news in the company to the extent we know they are making the shift. we knew the margins would be weaker because the top line is lower. emerging markets are a major part. international is 52% of the business. we know that is bad. there is so many bad things going on here and we know the transition wasn't going to be over night. so what defining dead money. i think this stock has a lot of dead moves in it. i i'm not running into it tomorrow. but nothing here scared me. there is nothing here that should surprise anybody. how about that. >> that is a good answer. >> what do you think about the next year? >> let's do would you rather. >> i love this game. it is my favorite game. >> so you so vociferously endorse

josh lipton has more. >> this was the first time alphabet reported results since it's announcement in august revealing this new corporate structure and this report was one for the bulls. the stock shooting higher in the after hours. that as the company reported q-3 eps of 7:35 on revenue of 18.7 billion and that was a beat on the bottom and the top. drilling down costs per click or what advertisers pay the company when users click on an ad did drop 11% but paid clicks climbed 23% and that was way more than analysts predicted. the big news wasn't that the company had to say about the bottom or the top, it was capital return. the company plans to buy back some $5.1 billion in class c stock and q-4. remember when the new ceo came to her role at the company the street applauded in part because it was thought she would put in place a new capital return program and now they have it and turning ahead in q-4 saying that the company will break out revenue and profitability of google separately from the company's big other ambitious projects and that should give analysts and investors more clar

josh lipton, our thanks as always out in san francisco. john fort, i know that you were on this conference call last night. you were paying close attention as always to what apple does. how much did the android switching benefit the iphone market overall and the upgrade market? how many quarters do you think that can last for if as tim cook told josh, android switchers are at their highest rate ever. >> well, it could potentially last for quite a while, kayla, and, first of all, i'm glad it looks like i'm not going to be eating carl quintanilla's tie because tim cook said to expect iphone units in had the holiday quarter to be higher than a year before, but i think there are a couple of trends that aren't getting a lot of attention that are very important. that switcher rate is one that potentially compressed upgrade cycle because of the iphone upgrade program and some of the upgrade programs that carriers have and paying for your phone in monthly installments. we could see people buying phones more often. even if the general growth in the

josh lipton. >> great report to you, josh lipton and a pretty decent report from apple as well.oks like better andrew on margins, better on mack shipments. china revenue of 99% growth not too shabby for an economy that's slow in growth rate. >> ross, what do you think of this? >> of course i'm happy. these numbers continue to beat estimates, they continue to show growth in all areas. with a new ipad coming out that should stem the decline there. we have apple music hitting full speed in the next quarter, we have a wonderful christmas season ahead of us for apple and i literally have a stack of apple devices by my bed that's so thick. so i'm sure you do, too. you have got to be in this company if you're any sort of conservative investor or aggressive, too. >> what have you been doing? i see you scribbling. >> working through the numbers. >> and? >> it's tough to beat apple. it's a great quarter. it has something for everyone, but the stock is not moving. in fact, this is now, you know, nine out of niep quarters it's beaten on the bottom line, the china numbers didn't fall apart.